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US: Industrial production and consumer sentiment in focus - TDS

According to analysts at TD Securities, US industrial production is expected to moderate in December, with TD looking for growth to slow to 0.1% on a pullback in utilities, offsetting a 0.2% increase in manufacturing production (market: 0.2%, 0.3%).

Key Quotes

“Preliminary University of Michigan Sentiment for January will be released at 10:00 ET, with the market calling for a modest decline to 96.8.”

“The NY Fed's Williams will speak on the economic outlook at 9:05 ET, which will be followed by an audience Q&A and an 11:00 ET speech from the Philadelphia Fed's Harker.”

USD/CAD flirting with daily lows, just above mid-1.3200s ahead of Canadian CPI

   •  The USD remains on the defensive amid renewed US-China trade optimism.    •  A goodish pickup in oil prices underpin Loonie and add to the sell
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GBP: Extreme downside risks reduced - Westpac

Tim Riddell, senior market strategist at Westpac, suggests that in the UK, parliamentary opposition to a “no-deal” Brexit has reduced extreme downside
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